SPY, XLP, UA: Fast Money Picks For June 3


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Steve Grasso recommended on CNBC's Fast Money Final Trade a long position in Under Armour Inc (NYSE: UA). He explained that the stock had a rough couple of days, but in June it usually trades up 6 percent on average and in July it usually gains 11 percent on average.

David Seaburg is a long-term buyer of AbbVie Inc (NYSE: ABBV). He thinks the purchase of Stemcentrx was a good decision.

Brian Kelly wants to buy put options in SPDR S&P 500 ETF Trust (NYSE: SPY) ahead of the jobs report on Thursday.

Dan Nathan is a seller of Consumer Staples Select Sect. SPDR (ETF) (NYSE: XLP).


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: CNBCLong IdeasFast MoneyMediaTrading IdeasBrian KellyDan NathanDavid SeaburgSteve Grasso